Toll Brothers (NYSE:TOL) Trading 1.1% Higher

Shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) traded up 1.1% during mid-day trading on Friday . The stock traded as high as $43.40 and last traded at $43.29. 20,395 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 1,957,102 shares. The stock had previously closed at $42.81.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James lowered their price target on shares of Toll Brothers from $75.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, August 29th. Wells Fargo & Company downgraded shares of Toll Brothers from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $56.00 to $48.00 in a research report on Friday, June 17th. UBS Group decreased their price objective on shares of Toll Brothers from $74.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. JPMorgan Chase & Co. decreased their price objective on shares of Toll Brothers from $53.50 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, July 12th. Finally, Bank of America downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.67.

Toll Brothers Stock Up 2.0 %

The firm has a market cap of $4.95 billion, a P/E ratio of 5.16 and a beta of 1.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.48 and a current ratio of 4.99. The firm’s fifty day moving average is $46.97 and its 200 day moving average is $47.46.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings data on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Toll Brothers had a net margin of 10.62% and a return on equity of 18.93%. During the same period in the prior year, the company posted $1.87 earnings per share. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 9.47 earnings per share for the current fiscal year.

Institutional Trading of Toll Brothers

Institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV bought a new stake in Toll Brothers in the 1st quarter valued at about $28,000. Herold Advisors Inc. bought a new stake in Toll Brothers in the 1st quarter valued at about $28,000. Quadrant Capital Group LLC boosted its holdings in Toll Brothers by 70.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 634 shares of the construction company’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Farmers & Merchants Investments Inc. bought a new stake in Toll Brothers in the 1st quarter valued at about $32,000. Finally, UMB Bank N A MO boosted its holdings in Toll Brothers by 2,913.0% in the 1st quarter. UMB Bank N A MO now owns 693 shares of the construction company’s stock valued at $32,000 after purchasing an additional 670 shares during the period. Institutional investors own 85.37% of the company’s stock.

About Toll Brothers

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Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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